Promsvyazbank

Promsvyazbank's npls (as % of loans) fell 43.0% to 35.2% in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's non-performing loans reached 35.2% of total loans at the end of 2018, down from 61.7% compared to the previous ye...

Promsvyazbank's net interest margin fell 2.83% to 2.37% in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's net interest margin amounted to 2.37% in 2018, down from 2.44% compared to the previous year. Historically...

Promsvyazbank's employees rose 33.7% to 12,700 in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank employed 12,700 persons in 2018, up 33.7% when compared to the previous year. Historically, the bank's workforce h...

Profit Statement 2016 2017 2018
Net Interest Income RUB bil 27.6 24.9 24.8
Fee Income (As % Of Revenues) % 31.7 53.1 42.3
Other Income RUB bil 10.6 -5.46 -2.34
Total Revenues RUB bil 55.9 41.4 39.0
Staff Cost RUB bil 12.7 15.8 20.4
Operating Profit RUB bil 34.8 16.4 9.52
Provisions RUB bil 32.1 412 12.3
Net Profit RUB bil 2.28 -406 1.70
Balance Sheet 2016 2017 2018
Interbank Loans RUB bil 17.5 3.54 189
Customer Loans RUB bil 783 469 551
Debt Securities RUB bil 209 164 242
Total Assets RUB bil 1,224 813 1,281
Shareholders' Equity RUB bil 91.5 -285 149
Interbank Borrowing RUB bil 76.7 443 47.6
Customer Deposits RUB bil 883 575 1,012
Issued Debt Securities RUB bil 122 50.6 24.1
Ratios 2016 2017 2018
ROE % 2.61 -420 -2.51
ROA % 0.187 -39.8 0.162
Costs (As % Of Assets) % 1.73 2.45 2.81
Costs (As % Of Income) % 37.7 60.4 75.6
Capital Adequacy Ratio % 13.4 ... 13.5
Net Interest Margin % 2.27 2.44 2.37
Loans (As % Of Deposits) % 88.7 81.5 54.4
NPLs (As % Of Loans) % 19.3 61.7 35.2
Provisions (As % Of NPLs) % 41.4 67.6 86.5
Growth Rates 2016 2017 2018
Total Revenue Growth % 19.3 -26.0 -5.86
Operating Cost Growth % 7.30 18.7 17.8
Operating Profit Growth % 27.9 -52.9 -41.9
Net Profit Growth % -114 -17,856 -100
Customer Loan Growth % -2.07 -40.1 17.5
Total Asset Growth % 0.947 -33.6 57.6
Customer Deposit Growth % 11.5 -34.9 76.0
Shareholders' Equity Growth % 9.70 -411 -152
Employees 9,358 9,500 12,700

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summary Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                    
Net Interest Income RUB bil                       25.8 29.6 32.8 27.3 27.6    
Total Revenues RUB bil                       34.3 40.8 51.0 46.9 55.9    
Operating Profit RUB bil                       14.3 19.6 29.8 27.2 34.8    
Net Profit RUB bil                       8.17 3.96 2.34 -16.5 2.28    
balance sheet                                    
Interbank Loans RUB bil                       11.8 20.7 25.0 37.8 17.5    
Customer Loans RUB bil                       462 545 753 800 783    
Debt Securities RUB bil                       59.7 62.8 97.2 151 209    
Total Assets RUB bil                       690 739 1,062 1,213 1,224    
Shareholders' Equity RUB bil                       62.7 66.2 69.0 83.4 91.5    
Interbank Borrowing RUB bil                       55.3 58.0 159 164 76.7    
Customer Deposits RUB bil                       445 488 660 792 883    
Issued Debt Securities RUB bil                       124 120 165 118 122    
ratios                                    
ROE %                       14.0 6.14 3.47 -21.6 2.61    
ROA %                       1.30 0.554 0.260 -1.45 0.187    
Costs (As % Of Assets) %                       3.20 2.96 2.35 1.73 1.73    
Costs (As % Of Income) %                       58.4 51.9 41.5 41.9 37.7    
Capital Adequacy Ratio % ... ... ...                 16.0 14.4 13.5 14.4 13.4 ...  
Net Interest Margin %                       4.12 4.15 3.64 2.40 2.27    
Interest Income (As % Of Revenues) %                       75.3 72.6 64.3 58.3 49.4    
Fee Income (As % Of Revenues) %                       22.0 22.4 26.1 28.4 31.7    
Staff Cost (As % Of Total Cost) %                       63.6 65.7 66.9 63.7 60.1    
Equity (As % Of Assets) %                       9.09 8.95 6.50 6.88 7.48    
Loans (As % Of Deposits) %                       104 112 114 101 88.7    
Loans (As % Assets) %                       66.9 73.8 70.9 65.9 64.0    
NPLs (As % Of Loans) % ... ... ...                 4.35 3.61 2.90 4.03 19.3    
Provisions (As % Of NPLs) % ... ... ...                 110 125 165 200 41.4    
income statement Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                    
Interest Income RUB bil                       54.7 66.2 79.5 103 103    
Interest Cost RUB bil                       28.9 36.5 46.7 76.1 75.4    
Net Interest Income RUB bil                       25.8 29.6 32.8 27.3 27.6    
Net Fee Income RUB bil                       7.56 9.15 13.3 13.3 17.7    
Other Income RUB bil                       0.922 2.03 4.90 6.25 10.6    
Total Revenues RUB bil                       34.3 40.8 51.0 46.9 55.9    
Staff Cost RUB bil                       12.7 13.9 14.2 12.5 12.7    
Depreciation RUB bil                       1.16 1.04 1.06 1.34 1.68    
Other Cost RUB bil                       6.14 6.23 5.95 5.78 6.72    
Operating Cost RUB bil                       20.0 21.2 21.2 19.6 21.1    
Operating Profit RUB bil                       14.3 19.6 29.8 27.2 34.8    
Provisions RUB bil                       4.33 14.2 26.6 47.3 32.1    
Extra and Other Cost RUB bil                       -0.070 0.553 -0.001 0 0    
Pre-Tax Profit RUB bil                       10.0 4.90 3.24 -20.1 2.77    
Tax RUB bil                       1.85 0.944 0.937 -3.68 0.638    
Minorities RUB bil                       -0.007 -0.001 -0.038 0.067 0.148    
Net Profit RUB bil                       8.17 3.96 2.34 -16.5 2.28    
growth rates                                    
Net Interest Income Growth % ...                     31.8 14.7 10.8 -16.8 1.14    
Net Fee Income Growth % ...                     6.75 21.0 45.8 -0.143 33.0    
Total Revenue Growth % ...                     18.7 18.9 25.1 -8.19 19.3    
Operating Cost Growth % ...                     18.2 5.68 0.057 -7.42 7.30    
Operating Profit Growth % ...                     19.4 37.5 52.2 -8.74 27.9    
Pre-Tax Profit Growth % ...                     41.7 -51.0 -33.9 -719 -114    
Net Profit Growth % ...                     55.3 -51.5 -40.8 -803 -114    
market share                                    
Market Share in Revenues % ... ... ...                 0.865 0.901 0.849 0.700 0.426   ...
Market Share in Net Profit % ... ... ...           ...     1.03 0.545 0.482 ... 0.348 ... ...
Market Share in Employees % ... ... ... ... ... ... ... ... ... ... ... ... ... 1.14 1.03 ... ... ...
Market Share in Branches % ... ... ... ... ... ...           0.718 0.745 0.721 0.827 0.893   ...
balance sheet Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                    
Cash RUB bil                       129 77.3 138 149 127    
Interbank Loans RUB bil                       11.8 20.7 25.0 37.8 17.5    
Customer Loans RUB bil                       462 545 753 800 783    
Retail Loans RUB bil                       54.5 67.9 81.6 72.6 71.8    
Mortgage Loans RUB bil ... ... ... ... ... ...           8.38 9.64 16.5 17.2 24.2    
Consumer Loans RUB bil ... ... ... ... ... ...           41.1 52.2 59.5 48.7 47.6    
Corporate Loans RUB bil                       354 416 631 743 779    
Debt Securities RUB bil                       59.7 62.8 97.2 151 209    
Fixed Assets RUB bil                       25.2 23.7 13.8 14.3 13.4    
Total Assets RUB bil                       690 739 1,062 1,213 1,224    
Shareholders' Equity RUB bil                       62.7 66.2 69.0 83.4 91.5    
Of Which Minority Interest RUB bil                       -0.051 -0.021 -0.059 1.06 -0.099    
Liabilities RUB bil                       627 673 993 1,129 1,133    
Interbank Borrowing RUB bil                       55.3 58.0 159 164 76.7    
Customer Deposits RUB bil                       445 488 660 792 883    
Retail Deposits RUB bil                       171 201 240 289 400    
Corporate Deposits RUB bil                       275 288 421 502 483    
Sight Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... 174 224 225    
Term Deposits RUB bil ... ... ... ... ... ... ... ... ... ... ... ... ... 487 567 659    
Issued Debt Securities RUB bil                       124 120 165 118 122    
Other Liabilities RUB bil                       3.31 6.46 9.06 56.0 50.4    
asset quality                                    
Non-Performing Loans RUB bil ... ... ...                 21.1 20.6 23.0 35.1 164    
Gross Loans RUB bil ... ... ...                 485 571 791 870 851    
Total Provisions RUB bil ... ... ...                 23.1 25.8 37.8 70.3 68.1    
growth rates                                    
Customer Loan Growth % ...                     16.6 18.1 38.0 6.22 -2.07    
Retail Loan Growth % ...                     69.0 24.6 20.2 -11.0 -1.15    
Mortgage Loan Growth % ... ... ... ... ... ... ...         72.0 15.0 70.8 4.71 40.6    
Consumer Loan Growth % ... ... ... ... ... ... ...         63.5 27.0 14.0 -18.1 -2.38    
Corporate Loan Growth % ...                     9.18 17.4 51.5 17.9 4.84    
Total Asset Growth % ...                     22.7 7.08 43.7 14.2 0.947    
Shareholders' Equity Growth % ...                     16.0 5.44 4.28 20.9 9.70    
Customer Deposit Growth % ...                     31.5 9.61 35.3 19.9 11.5    
Retail Deposit Growth % ...                     37.4 17.6 19.6 20.6 38.5    
Corporate Deposit Growth % ...                     28.1 4.66 46.3 19.5 -3.95    
market share                                    
Market Share in Customer Loans %                       1.55 1.53 1.66 1.63 1.68   ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ...     1.91 1.97 2.30 2.45 2.84   ...
Market Share in Retail Loans % ... ... ... ... ... ... ...         0.717 0.714 0.763 0.727 0.753   ...
Market Share in Consumer Loans % ... ... ...                 0.705 0.682 0.720 0.680 0.664   ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ...         0.420 0.364 0.467 0.433 0.540   ...
Market Share in Total Assets % ... ... ...                 1.48 1.36 1.45 1.58 1.66   ...
Market Share in Customer Deposits % ... ... ...                 2.17 2.05 2.10 2.11 2.51   ...
Market Share in Retail Deposits % ... ... ...                 1.20 1.18 1.29 1.25 1.65   ...
Market Share in Corporate Deposits % ... ... ...                 2.86 2.65 2.47 2.64 2.95   ...
ratios Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                    
ROE %                       14.0 6.14 3.47 -21.6 2.61    
ROA %                       1.30 0.554 0.260 -1.45 0.187    
Costs (As % Of Assets) %                       3.20 2.96 2.35 1.73 1.73    
Costs (As % Of Income) %                       58.4 51.9 41.5 41.9 37.7    
Capital Adequacy Ratio % ... ... ...                 16.0 14.4 13.5 14.4 13.4 ...  
Tier 1 Ratio % ... ... ...                 10.3 9.40 8.01 8.23 8.24 ...  
Net Interest Margin %                       4.12 4.15 3.64 2.40 2.27    
Interest Spread % ...                     3.65 3.64 3.22 1.92 1.79    
Asset Yield %                       8.74 9.26 8.83 9.09 8.45    
Cost Of Liabilities % ...                     5.09 5.62 5.60 7.17 6.67    
Interest Income (As % Of Revenues) %                       75.3 72.6 64.3 58.3 49.4    
Fee Income (As % Of Revenues) %                       22.0 22.4 26.1 28.4 31.7    
Other Income (As % Of Revenues) %                       2.69 4.98 9.61 13.3 18.9    
Cost Per Employee USD per month             ... ... ... ... ... ... 3,326 2,336 1,804 1,688    
Cost Per Employee (Local Currency) RUB per month             ... ... ... ... ... ... 105,966 109,328 120,496 112,693    
Staff Cost (As % Of Total Cost) %                       63.6 65.7 66.9 63.7 60.1    
Equity (As % Of Assets) %                       9.09 8.95 6.50 6.88 7.48    
Loans (As % Of Deposits) %                       104 112 114 101 88.7    
Loans (As % Assets) %                       66.9 73.8 70.9 65.9 64.0    
NPLs (As % Of Loans) % ... ... ...                 4.35 3.61 2.90 4.03 19.3    
Provisions (As % Of NPLs) % ... ... ...                 110 125 165 200 41.4    
Provisions (As % Of Loans) % ... ... ...                 5.01 4.74 5.03 8.79 8.70    
Cost of Provisions (As % Of Loans) %                       1.01 2.81 4.10 6.10 4.05    
other data Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                    
Branches ... ... ... ... ... ...           306 322 300 306 303    
Employees             ... ... ... ... ... ... 10,939 10,810 8,649 9,358    
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Clients mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ... ... ... 26.3 28.3 25.4    

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Promsvyazbank's net profit rose 100% to RUB 1.70 bil in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank made a net profit of RUB 1.70 bil under revenues of RUB 39.0 bil in 2018, up 100% and -5.86% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of RUB 8.17 bil in 2012 and an all time low of RUB -406...

Promsvyazbank's corporate loans fell 2.16% to RUB 691 bil in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's loans reached RUB 792 bil in the 2018, up from RUB 780 bil compared to the previous year. Historically, the bank’s loans reached an all time high of RUB 870 bil in 2015 and an all time low of RUB 214 bil in 2007. In the last decade, the ...

Promsvyazbank's capital adequacy ratio rose 1.12% to 13.5% in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's capital adequacy ratio reached 13.5% at the end of 2018, up from compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 16.8% in 2004 and an all time low of 13.1% in 2008. The Tier 1 ratio amounted to ...

Promsvyazbank's costs (as % of assets) rose 14.6% to 2.81% in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's cost to income ratio reached 75.6% in 2018, up from 60.4% compared to the previous year. Historically, the bank’s costs reached an all time high of 75.6% of income in 2018 and an all time low of 37.7% in 2016. When compared to total assets,...

Promsvyazbank's net interest income fell 0.137% to RUB 24.8 bil in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank generated total banking revenues of RUB 39.0 bil in 2018, down 5.86% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of RUB 55.9 bil in 2016 and an...

Promsvyazbank's retail loan growth rose 1,464% to 37.0% in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's retail loans reached RUB 101 bil at the end of 2018, up 37.0% compared to the previous year. In the last decade, the average annual loan growth amounted to 7.17%. Overall, retail loans accounted for 18.3% of the bank's loan book at the end o...

Promsvyazbank's customer loan growth rose 144% to 17.5% in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's customer loan growth reached 17.5% in 2018, up from -40.1% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 87.5% in 2005 and an all time low of -40.1% in 2017. In the last decade, the averag...

Promsvyazbank's mortgage loans rose 54.7% to RUB 29.6 bil in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's mortgage loans reached RUB 29.6 bil in 2017, up 22.0% compared to the previous year. Russian banking sector provided mortgage loans of RUB 5,187 bil in 2017, up 15.5% when compared to the last year. Promsvyazbank accounted for 0.570% of al...

Promsvyazbank's customer deposits rose 76.0% to RUB 575 bil in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's customer deposits reached RUB 575 bil in 2017, down 34.9% compared to the previous year. Russian banking sector accepted customer deposits of RUB 37,471 bil in 2017, up 6.51% when compared to the last year. Promsvyazbank accounted for 1.53...

Promsvyazbank's retail deposits rose 6.86% to RUB 357 bil in 2018

By Helgi Analytics - November 05, 2019

Promsvyazbank's retail deposits reached RUB 357 bil in 2017, down 10.8% compared to the previous year. Russian banking sector accepted retail deposits of RUB 25,987 bil in 2017, up 7.38% when compared to the last year. Promsvyazbank accounted for 1.38% of...

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Promsvyazbank (PSB) is Russia-based commercial bank. The Bank was ranked as the 10th largest in Russia in 2012. The PSB provides financial services such as commercial banking, retail banking, private baking, SME banking or investment banking. At the end of 2013, the Bank had serviced 1.2 million retail clients and over 93,000 corporate clients to whom it offered its services throughout 302 branches in more than 90 communities across Russia. The Bank was founded in 1995 by the Ananyev brothers, the owners of Tekhnoserv, the largest systems integrator in the CIS. The Bank is headquartered in Moscow, Russia

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Finance

Promsvyazbank has been growing its revenues and asset by 3.27% and 10.7% a year on average in the last 10 years. Its loans and deposits have grown by 6.25% and 16.0% a year during that time and loans to deposits ratio reached 54.4% at the end of 2018. The company achieved an average return on equity of -40.3% in the last decade with net profit growing 0.829% a year on average. In terms of operating efficiency, its cost to income ratio reached 75.6% in 2018, compared to 51.7% average in the last decade.

Equity represented 11.7% of total assets or 27.1% of loans at the end of 2018. Promsvyazbank's non-performing loans were 35.2% of total loans while provisions covered some 86.5% of NPLs at the end of 2018.